Germán Larrea Mota Velasco & family
Source of wealth: Mining
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Biography
Germán Larrea Mota Velasco owns the majority of Mexico's largest copper mining company, Grupo México, which also has operations in Perú and the U.S.
Under his leadership as president and CEO, Grupo México expanded into the infrastructure and rail transportation sectors.
In 2014, the mining company faced scrutiny after a spill at its copper mine in Sonora, Mexico, contaminated two rivers nearby.
The company agreed with a government request to deposit $150 million in a trust to compensate local residents harmed by the spill.
In 2017, Larrea spun off Grupo México's transport arm into a new company, GMexico Transportes, part owned by two of Carlos Slim Helú's firms.
Perspective on their fortune
Gold
Everyday luxury
A Germán Larrea Mota Velasco & family's fortune is equivalent to 428 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.
A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.
Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3
Germán Larrea Mota Velasco & family could buy 114,171,200 gold rings. That's a lot of fingers and a lot of gifts!!
And if the number of rings is difficult to visualize, all these rings would need 20 trucks to transport them, But we can be almost certain that Germán Larrea Mota Velasco & family will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Germán Larrea Mota Velasco & family's fortune with the healthcare spending of a huge country
Germán Larrea Mota Velasco & family could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 28.6 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Germán Larrea Mota Velasco & family could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 12.6 years
Education
Buying the future
Lowest education spending
Germán Larrea Mota Velasco & family could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 18.7 years.
Highest education spending
But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Germán Larrea Mota Velasco & family could pay for it in full for 25.4 years.
Research
The monopoly of progress
Lowest research spending
Germán Larrea Mota Velasco & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 106.9 years.
Highest research spending
But even if we compare the total wealth of Germán Larrea Mota Velasco & family with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 2.4 years.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison